NatWest is supporting all existing business customers adversely affected by the storms. A number of emergency measures have been introduced: • Repayment holidays on existing loans to give businesses the breathing space they need to get back on their feet • Refund or waive overdraft fees incurred as a result of the adverse weather on a case-by-case basis • Fast-track requests for temporary credit increases, including credit cards • Special arrangements for business customers with term or notice deposits who need assistance
Businesses affected by the adverse weather should contact their relationship manager. NatWest managers will continue to contact and visit customers affected to see how they can help them.
Gary O'Neill, Head of Business and Commercial Banking at NatWest in Guernsey commented:
“As the Island’s community bank, we know that cashflow is critical for businesses. Many firms will have taken a real hit to their livelihoods as a result of this prolonged period of adverse weather. The loss of trade or damage to stock from such a storm can mean businesses find themselves in financial trouble. We’re making these arrangements available because we know how important it is to the local economy and communities to get these businesses operational again.”